+8%

est. 2Y upside i

HealthcareSeries B

Rank

#1870

Sector

Digital Therapeutics, Mental Health

Est. Liquidity

~2Y

Data Quality

Data: Low

Big Health offers a modest expected 2-year equity upside of ~7.5% under our scenario analysis, but with significant downside risk (25% probability of total loss).

Last updated: July 19, 2026

Bull (30%)+88%

Bull case: Big Health sustains 60%+ growth and holds current 5.45x multiple on $76.3M projected revenue, exit at $416M. FDA clearances and potential IPO drive investor demand.

Base (45%)+14%

Base case: Growth moderates, multiple converges to 3.5x (above public comps) due to regulatory moat, exit at $267M. After 20% dilution, net 13.6%.

Bear (25%)-100%

Bear case: Multiple compresses to 1.5x, exit at $114.5M. Preference stack ($153M) wipes out common equity.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

77%

Total funding of $153M is 76.5% of the $200M entry valuation, giving preferred shareholders significant liquidation preference that likely suborns common stock value in downside scenarios.

Dilution Risk

high

With $23.7M raised recently and likely cash burn, another dilutive round is probable within 24 months, reducing ownership by ~20%.

Secondary Liquidity

none

No secondary market observed; liquidity event likely via IPO or acquisition.

Commercial - UK/NHS — 3 roles

Client Success — 1 role

Commercial — 1 role

General & Administrative — 1 role

Product — 1 role

View all 7 open roles at Big Health →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Big Health's data — designed to show you've done your homework.

  • 1

    “What is Big Health's path to profitability and cash flow positive operations?”

  • 2

    “How does the company plan to expand its FDA-cleared product line beyond insomnia and anxiety?”

  • 3

    “Given the high preference overhang, how does the company think about employee equity value creation?”

Community

Valuation Sentiment

Our model estimates +8% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.